Woke up this morning and checked out our interview with Deribit CEO—pretty interesting and candid. The core discussion revolves around how they’ve managed to remain one of the few offshore exchanges not run by Chinese teams, without being overtaken by Binance and others. Here are some key points: - They don’t use cloud services but deploy dedicated hardware themselves, which makes their trade execution faster. - Whether it’s today, tomorrow, or the day after, they’re always focused solely on options. - About 85% of the trading volume on the platform comes from institutional investors. They’ve been audited for five consecutive years. - Due to political factors like Trump’s election, what started as a plan to sell only part of the company gradually turned into selling the entire company. - Users need to understand that regulatory standards will only get stricter. - Mainland China and Hong Kong won’t be banned. - The biggest crisis they faced was when 3AC, as a shareholder, went bankrupt, bringing a lot of complex issues—financial, legal, regulatory, and operational. They had to go through legal procedures, which put immense pressure on the team. Full article and audio/video: https://mp.weixin.(qq.com)/s/5-EPf7w3REzvCwwUzntGvg